Dear Sir/Madam,
I have reported my Canadian RRSP (registered retirement savings plan) in the form 8891 every year. Do I have to include my RRSP in the form 8938 or TD F90-22.1.
Many thanks in advance!
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Dear Sir/Madam,
I have reported my Canadian RRSP (registered retirement savings plan) in the form 8891 every year. Do I have to include my RRSP in the form 8938 or TD F90-22.1.
Many thanks in advance!
In my opinion, yes, if the assets are high enough.
Dear AtlantaTaxExpert,
Thank you very much for your answer, which is very helpful.
According to IRS site
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-(FBAR)
Under
Who Must File an FBAR, Exceptions to the Reporting Requirement, item 7
7.Participants in and beneficiaries of tax-qualified retirement plans;
It seems that for a RRSP need not file the FBAR, can someone clarify this?
I have called and ASKED the IRS and was told that you MUST include the RRSP on the FBAR, because the RRSP, being a FOREIGN pension plan, is NOT considered to be a tax-qualified plan.
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